Hecla Mining (NYSE:HL) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Hecla Mining (NYSE:HL - Get Free Report) posted its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01), Zacks reports. Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. The business had revenue of $261.34 million during the quarter, compared to analyst estimates of $238.50 million. During the same period in the prior year, the firm posted ($0.01) EPS. Hecla Mining's revenue for the quarter was up 37.9% compared to the same quarter last year.

Hecla Mining Stock Up 0.9 %

Shares of NYSE HL traded up $0.05 during trading hours on Thursday, hitting $4.93. The company had a trading volume of 20,139,339 shares, compared to its average volume of 13,930,141. The company has a quick ratio of 0.55, a current ratio of 1.08 and a debt-to-equity ratio of 0.25. The firm's 50 day moving average is $5.52 and its 200-day moving average is $5.60. Hecla Mining has a 1-year low of $4.41 and a 1-year high of $7.68. The stock has a market capitalization of $3.11 billion, a P/E ratio of 98.52 and a beta of 1.57.

Hecla Mining Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 23rd will be paid a $0.0038 dividend. The ex-dividend date is Friday, May 23rd. This represents a $0.02 dividend on an annualized basis and a yield of 0.30%. Hecla Mining's dividend payout ratio is 9.09%.

Insider Activity

In other Hecla Mining news, Director Catherine J. Boggs bought 20,000 shares of Hecla Mining stock in a transaction on Wednesday, May 7th. The shares were purchased at an average price of $4.99 per share, with a total value of $99,800.00. Following the acquisition, the director now owns 348,169 shares in the company, valued at $1,737,363.31. This trade represents a 6.09 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Michael L. Clary sold 32,387 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $5.18, for a total value of $167,764.66. Following the transaction, the chief accounting officer now directly owns 246,440 shares of the company's stock, valued at $1,276,559.20. This trade represents a 11.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 57,915 shares of company stock valued at $300,000 in the last quarter. Company insiders own 0.62% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on HL shares. Roth Mkm lowered their price objective on shares of Hecla Mining from $6.60 to $6.50 and set a "buy" rating for the company in a research report on Tuesday, February 18th. HC Wainwright reiterated a "buy" rating and issued a $11.50 price objective on shares of Hecla Mining in a research report on Friday, February 14th. National Bank Financial raised Hecla Mining to a "hold" rating in a research note on Friday, March 21st. TD Securities cut their price target on shares of Hecla Mining from $6.00 to $5.00 and set a "hold" rating on the stock in a research note on Monday. Finally, StockNews.com raised shares of Hecla Mining from a "sell" rating to a "hold" rating in a research report on Monday, February 17th. Six analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $7.20.

About Hecla Mining

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.